Updated 20 Hours Ago
Location
16031 S 40th Way, Phoenix, AZ 85048, USA
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Amenities for 16031 S 40th Way
Features
| Carpet | Central Air |
| Electric Heating | High Ceilings |
Appliances
| Dishwasher |
Community
| Exterior Type: WoodFrame |
Other
| Exterior Type: Stucco | Roof Type: Tile |
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.
Policies and fees
Applicants
Applicants
One-time.
Contact Property
REQUIRED FEES
Security Deposit
One-time. Refundable.
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About 16031 S 40th Way
Property Status: Active Applications submitted before the touring the property are not reviewed or processed. Please book a tour date and time according to the available calendar. Once you have toured the inside of the property please submit the application for anyone 18 years and older who will be living at the property. We process the applications in the order we received them completed One small dog allowed for $30/month. Lease start date must be within 10 days of application approval if vacant property. $100 non-refundable administration fee due at time of deposit. An additional 3.25% monthly administration fee is added to all rental payments. On-time rental payments are required to be made through on-line payment center to avoid payment processing fee of $25. Office Phone: (480) 838-3500 Copyright © 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Address details
| Zip code | 85048 |
|---|---|
| Type | House for rent |
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Rent trends in Phoenix
3-bedroom apartments at 16031 S 40th Way cost about 4% less than the average rent price for 3-bedroom apartments in Phoenix.
Median rents as of Jul 25 2026.
Phoenix
| Month | Median Rent |
|---|---|
| August 2024 | $2,208 |
| September 2024 | $2,196 |
| October 2024 | $2,197 |
| November 2024 | $2,168 |
| December 2024 | $2,133 |
| January 2025 | $2,129 |
| February 2025 | $2,165 |
| March 2025 | $2,200 |
| April 2025 | $2,211 |
| May 2025 | $2,216 |
| June 2025 | $2,235 |
| July 2025 | $2,204 |
| August 2025 | $2,196 |
| September 2025 | $2,178 |
| October 2025 | $2,160 |
| November 2025 | $2,120 |
| December 2025 | $2,112 |
| January 2026 | $2,101 |
| February 2026 | $2,101 |
| March 2026 | $2,155 |
| April 2026 | $2,179 |
| May 2026 | $2,190 |
| June 2026 | $2,195 |
| July 2026 | $2,196 |
Affordability calculator
Can I afford to live at 16031 S 40th Way?
Bedrooms
3 bedroomsRent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$84,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $84,000 annually to afford this 3-bedrooms monthly rent price of $2,100.
For more information on rent affordability, visit our rent calculator.
Rent history
The increase or decrease in monthly rent compared to the previous listing price.| Bath | |||||
|---|---|---|---|---|---|
| 4 years ago | $2,299 | 3 bed | 2 bath | ||
| 4 years ago | $2,099 | Studio | 0 bath | ||
| 10 years ago | $1,150 | 3 bed | 2 bath |
Schools near 16031 S 40th Way
Kyrene del Milenio Elementary School
4630 e frye rd
phoenix, AZ, 85048
PK, K-5Public
A-
Kyrene Digital Academy
8700 s kyrene rd
tempe, AZ, 85284
K-8Public
B+
Tempe Elementary Online Community
1600 e watson dr
tempe, AZ, 85283
K-8Public
C+
Iamrsdonline Academy
6000 s 7th st
phoenix, AZ, 85042
K-8Public
C-
Meyer Montessori
2615 s dorsey ln
tempe, AZ, 85282
PK, K-6Public
B
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Internet available near 16031 S 40th Way
Neighborhood
Getting around Phoenix near 16031 S 40th Way
Walking
5/10
Some shops and stores are within a few minutes.
Driving
9/10
Commuting is easy with multiple accessible routes and plenty of parking.
Cycling
5/10
More spots are within biking distance and some roads are cyclist-friendly.
Transit
2/10
There are a few mass transit options within the area.
Points of interest for 16031 S 40th Way, Phoenix
Groceries
9/10
Wide variety of groceries within a few minutes' walk
Shopping
7/10
Wide variety of shops within a short drive, including some within walking distance
Cafes
8/10
Wide variety of cafés within a short drive, including some within walking distance
Restaurants
7/10
Wide variety of restaurants within a short drive, including some within walking distance
Primary schools
6/10
At least one elementary school within a 20-minute walk
High schools
3/10
At least one high school within a 30-minute walk
Parks
5/10
Moderate amount of park space nearby
Nightlife
5/10
Variety of bars within a short drive
Other units at this address
16031 S 40th Way, Phoenix, AZ
16031 S 40th Way Phoenix, AZ
Occupied
Studio, – Baths
Studio
– Baths
$2,099
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